Tuungane in Kiswahili means « let’s unite » and is a one of a kind program aimed at supporting SMEs operating in Africa to become investable and provide them access to a pathway to finance.
The first edition in 2020, aimed at supporting impact ventures from Africa to partner with impact ventures from Europe to solve critical sustainable development goal.
This year, the Tuungane 2X’s Let’s Unite to See Her Empowered Program focuses on women empowerment and women-focused ventures in Kenya following the 2X Challenge Criteria, Melanin Kapital aims to contribute in closing the gender funding gap and the labour gap by equipping entrepreneurs with the necessary financial skills and access to funding opportunities that can enable them to be successful. Notably, the program enables women-focused ventures to improve the structure of their businesses, promote their solutions online and connect them to investors curated by Melanin Kapital. Absa bank will then offer the possibility for the best entrepreneurs to get a collateral-free business loan for an amount up to KES 3 million.
Learn about fundraising pre-requisite and expectations from impact investors.
With the support of a mentor, prepare the documentation necessary for your fundraising.
Network with potential business partners to build traction for your business.
Present your investor-ready business to our partner Absa Kenya who will provide unsecured loan facility up to KES 3m.